Best Buy Will Cease Selling CDs Later This Year

Best Buy Will Cease Selling CDs Later This Year

Billboard reported CD sales were down 18.5 percent last year, and sources at Best Buy said the company only makes $40 million a year from them nowadays.

Even though CD sales have been dropping rapidly for years, people seem to be shocked and upset with Best Buy's decision to pull them from its shelves. Currently, Target takes the inventory risk by agreeing to pay for any goods it is shipped within 60 days, and must pay to ship back unsold CDs for credit.

With this news, it looks like retailer Target is also looking to lessen the impact from its physical media department in stores by demanding that it only pay for units that are sold.

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The problem is that all the elements that are lifted from existing movies are never put together in an interesting new way. Not long after, there were rumors about Netflix potentially even dropping a trailer during the Super Bowl .

Download sales are also feeling similar pressure with multiple labels telling Hypebot that iTunes has told them that they will stop selling music downloads sometime in 2019.

There's large ramifications here, mostly in factoring where consumers where buy their CDs, if they will at all. Target is asking music suppliers to be compensated per CD sales instead of buying in bulk. It was once a dominant force in the sale of CDs but now its offering pales in comparison due to the lack of interest from the general public. According to the report by Billboard, Target sold more than 500,000 copies of Reputation by Taylor Swift since November 2017 its release date. That specific medium for music has seen a boost lately. One music manufacturer is leaning toward saying no to this deal, according to Billboard.

"Entertainment has been and continues to be an important part of Target's brand. We have nothing more to share at this time". Rather than buying individual CDs, users can stream a wide variety of music on demand for the price of just a few physical CDs.

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